Levi Strauss Raises 2026 Outlook After Q2 Earnings Beat, Shares Drop Despite Strong Results 
Elon Musk Says Anthropic Leads AI Race as Claude Models Challenge OpenAI 
Samsung to Launch First Yongin Chip Plant by 2029 as South Korea Speeds Up Semiconductor Hub 
Morgan Stanley Names Marks & Spencer Top European Retail Pick, Sees Strong Upside 
Nvidia Tightens AI Chip Sales in Asia With Stricter Customer Approval Process 
Genesis Minerals to Acquire Vault in A$5.6 Billion Deal After Regis Withdraws 
TSMC Q2 Revenue Surges 36% as AI Chip Demand Powers Growth Ahead of Earnings 
Apple Sues OpenAI, Former Employees Over Alleged Trade Secret Theft 
Morgan Stanley Says China’s Reusable Rocket Progress Poses Long-Term Challenge to SpaceX 
Stellantis Q2 Vehicle Shipments Rise 10% as North America Drives Growth 
Yaskawa Electric Shares Slide as Weak Profit Overshadows Strong AI Demand 
SK Hynix Prices Record U.S. ADR Offering at $149 After $200 Billion Investor Demand 
SoftBank Corp Partners With Sierra to Expand AI Customer Support Across Japan 
Kitron Q2 Revenue Beats Estimates as Defense Demand Lifts Growth 
Muji Owner Ryohin Keikaku Stock Soars After Raising Full-Year Earnings Forecast 
Paramount-Warner Bros. Discovery Merger Faces Lawsuit From 12 States 
Mastercard Explores Sale of Majority Stake in UK Payments Firm Vocalink: Report 
Dublin, Nov. 30, 2015 (GLOBE NEWSWIRE) -- The Global Downhole Drilling Tools market to grow at a CAGR of 10.20% over the period 2014-2019.
Global Downhole Drilling Tools Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Global Downhole Drilling Tools market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
One of the major trends is the advances in technology to improve the efficiency and effectiveness of drilling tools. Advances in drilling technology will significantly increase efficiency, control, and monitoring of the well. Moreover, market vendors are increasing their investments in R&D, which is likely to improve reliability and efficiency of downhole drilling tools.
According to the report, increased demand for oil and gas worldwide is one of the major growth drivers, which requires large investments in advanced technologies to increase efficiency of drilling activities. The growing demand for oil and gas will drive large investment in state-of-the-art technology to increase efficiency of downhole drilling tools, ensuring oil production.
Further, the report states that one of the major challenges in the market is the availability of non-conventional and renewable sources of energy. With the advent of peak oil theory, oil crisis, finite nature of oil and gas supplies, and rising environmental and human health concerns, renewable and sustainable sources of energy have gained momentum, thus hindering the growth of the Global Downhole Drilling Tools market.
The commonly used downhole drilling tools are categorized in the following:
- Cementing tools
- Tubulars
- Drill bits
- Miscellaneous downhole tools
- Downhole motors
- Deflection tools
- Impact tools
- Coiled tubing drilling tools
- Fishing tools
- Drill stem testing tools
Key Vendors
- Halliburton
- National Oilwell Varco
- Schlumberger
- Weatherford
Other Prominent Vendors
- American Oilfield Tools
- Bilco Tools
- Logan Oil Tools
- Magnum Oil Tool International
- Oil Tools International Services
- Schoeller Bleckmann Oilfield Equipment
- Wenzel Downhole Tools
For more information visit http://www.researchandmarkets.com/research/tvcpg2/global_downhole
CONTACT: Research and Markets Laura Wood, Senior Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 Sector: Oil and Gas Exploration and Production
